Brannen Bank Mortgage Rates, Fees & Info
Inverness, FLLEI: 549300VS8Y4N1Y2J0S91
Tax ID: 59-0153930
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Brannen Bank is a smaller bank specializing in Home Purchase loans. Brannen Bank has a high proportion of conventional loans. Their top markets by origination volume include: Homosassa Springs, Tampa, Gainesville, Ocala, and The Villages among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Brannen Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
287Origination Dollar Volume (All Markets)
$90,085,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 200 | $63,240,000 | $316,200 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 59 | $18,335,000 | $310,763 | $0 | 0.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 9 | $3,425,000 | $380,556 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 12 | $2,580,000 | $215,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 5 | $2,265,000 | $453,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Brannen Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 96
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 287 | $90,085,000 | $313,885 | $0 | 0.00% |
For 2024, Brannen Bank's most frequently originated type of loan was Conventional, with 287 originations.
Loan Reason
For 2024, Brannen Bank's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 287 | $90,085,000 | $313,885 | $0 | 0.00% |
For 2024, Brannen Bank's most frequently cited loan duration was Other, with 287 originations.
Loan Sizing
2024 saw Brannen Bank place emphasis on $200k-400k loans with 126 originations, totaling $36,750,000 in origination value.
Applicant Income
Brannen Bank lent most frequently to those with incomes in the $150k-250k range, with 57 originations. The second most popular income band? $75k-100k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 287 | $90,085,000 | $313,885 | $0 | 0.00% |
Brannen Bank lent most frequently to those with DTI ratios of Exempt%, with 287 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.18%
Brannen Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.84%
Brannen Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 287 | $90,085,000 | $313,885 |